Could this be the start of Gold decline? The fundamental here is that USD will continue to rise which most likely will send GOLD lower. On a technical side of things, currently, we are seeing a bearish engulfing candle on the daily coupled with a tweezer-top candlestick pattern. However, at the moment Gold is at a support/psychological level 1800.00 with bias now shifting to bearish. Feel free to comment below and let me know your thoughts.
Cheers, and happy trading!
USD Chart:
Cheers, and happy trading!
USD Chart: